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Supplementary Credit Card

Discussion in 'Property Finance' started by Bentley, 1st Dec, 2015.

  1. Bentley

    Bentley Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    94
    Location:
    Adelaide
    With regards to credit cards, would my credit rating or loan amount be reduced if I have a supplementary credit card? The main cardholder is my partner. The property and loan is only going to be in my name though. Thanks.
     
  2. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    19th Jun, 2015
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    1,225
    Location:
    NSW
    Your partner is totally responsible for the debt you may run up on their supplementary card. I can't see how that card would be recorded anywhere as your liability.
     
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  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
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    2,143
    Location:
    Canberra and Sydney
    Agree with prop - it's their liability.

    Cheers

    Jamie
     
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  4. Bentley

    Bentley Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    94
    Location:
    Adelaide
    Thanks guys.
     
  5. Bran

    Bran Well-Known Member

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    20th Jun, 2015
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    At work
    My wife's credit card was stolen recently. We didn't realise for a month, but I've never reported it as they spend less than my wife.
     
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